NOT LISTED FOR SALE
9 Beds
9 Baths
4,445 Sq Ft
7,001 Sq Ft Lot

Last Sold September 12, 2023

Last sale price $1,185,000 $267 Per Sq Ft

31 Days on Market

About This Home

As of September 2023

We are pleased to present for sale a 1978 Built (Non-LA City Rent Controlled) 5 Unit multifamily investment opportunity in a supply-constrained market of Atwater Village! Located in one of LA's hottest rental, locations, 4122 Sequoia Street offers investors an opportunity to add substantial value with106% upside potential. The property boasts a strong unit mix of (4) 2 Bedroom & 2 Bath Units and (1) 1 2 Bedroom and 1 Bath Unit. The property has a total square footage of 4,445 SF, is situated on an expansive lot size of 7,000 SF, and zoned R1-1-RIO, with (9) parking spaces available for tenants. The property provides the opportunity to construct an ADU at the rear of the lot Buyer to Verify. Soft-Story Retrofit construction IS REQUIRED to be completed. Located within blocks to famous Los Feliz Blvd and Glendale Blvd, the property is situated in close proximity to Atwater's retail corridors, which provides countless eateries, trendy bars, retail, and coffee shops. Additionally, the property is adjacent to Glendale, the Jewel City, and is within minutes to The Americana at Brand, which offers world-class retail, dining, and entrainment. This rare opportunity is poised for an astute investor looking to capture strong market returns on a supply-constrained product in a booming area where prices and rents continue to appreciate Year-over-Year. Disclosure: Buyer to conduct any/all due diligence including but not limited to the building square footage, lot size, unit mix, year built, zoning, market rents, soft-story retrofit requirements, and the ability to construct an ADU. DO NOT DISTURB TENANTS OR WALK ON PROPERTY - DRIVE BY ONLY.

Last Agent to Sell the Property

Eric Dilanian

Remax Commercial and Investment Realty License #01951699 Listed on: 06/13/2023

Remax Commercial and Investment Realty

Last Buyer's Agent

Eric Dilanian

Remax Commercial and Investment Realty License #01951699 Listed on: 06/13/2023

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 7,001 Sq Ft Lot

Interior Spaces

  • 4,445 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Parking

  • 9 Parking Spaces
  • Covered Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5593-023-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4445
  • Lot Acreage: 0.1607
  • Stories: 2
  • Year Built: 1978
  • Number Of Photos: 15
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 9.00
  • Price Per S Q F T: 308.21

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 9

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 67.21
  • Assessed Improvement Value: 285370
  • Assessed Land Percent: 32.79
  • Assessed Land Value: 139201
  • Total Assessed Value: 424571
  • Assessor Parcel Number: 5593-023-006
  • Lot Size Area: 7001

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.69
  • Number Of Units: 5
  • Total Annual Expense: 32352
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Range of Values:

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ICE

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2023 09/12/23 Sold $1,185,000 -13.5% $267 / Sq Ft
07/14/2023 07/14/23 Pending -- -- --
06/13/2023 06/13/23 For Sale $1,370,000 -- $308 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-279983

The MLS